Historically Powereagle margins were around 8% - international margins varied between 20-25%.
Powereagle was only ever going to be worthwhile with high volume of sales - originally this was spruiked by Powereagle to reach 150,000 unit sales per annum.... which never eventuated for a variety of reasons that have been previously noted by the company and on this forum.
Across the two announcements, we have for the first time in ages some clear direction on company strategy and what is happening in some of the markets that they are targeting. To me the strategy seems much more aligned with the segments of the industry that are going to provide near term acceptance of the technology and hence growth.
The share price will not be rerated until there is some clear evidence of "significant" progress with the new direction...but a focus in engaging with the investment community cannot hurt either.
sents
VMT Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
